372 High Rd 875 sq ft Retail Property Woodford Green IG8 0XQ £450,000 (£514.29/sq ft) 6.11% Net Initial Yield

This shop-and-uppers investment is positioned on the High Road in Woodford Green and comprises approximately 1,644 sq ft arranged over the ground and upper floors. The property is let on a new 10-year commercial lease producing £27,500 per annum, with a break option and rent review at year five, providing both income security and flexibility. The upper parts offer scope for residential conversion, subject to the necessary consents, creating a clear longer-term value angle. Priced at £450,000 and open to offers, the opportunity may also benefit from potential stamp duty relief, making it suitable for investors seeking income with future planning potential.
Tenure: Freehold
Gross Rent: £27,500
Asking Price: £450,000